Lindy field From United States of America, joined Mar 2001, 3170 posts, RR: 11
Reply 1, posted (15 years 1 month 6 days 22 hours ago) and read 1421 times:
There was nothing that could be done to save it. It was hopeless. All those poor aircraft and employees were doomed to the dustbin of history. Westjet 8, you'd best just move on with your life. There are other fine airlines in Canada, and though most of them are doomed too, you can enjoy them while they exist.
CPDC10-30 From United States of America, joined Feb 2000, 4992 posts, RR: 22
Reply 4, posted (15 years 1 month 6 days 20 hours ago) and read 1398 times:
Canadi>n was in trouble mostly because they paid a huge amount for Wardair. While this increased revenues, it caused even further operational losses. If they waited a bit longer to acquire Wardair, they would have paid a lot less.
The employees of Canadian saved them once, I believe in 1993. When many of them invested their wages in the company for shares...the result being the signatures plane (DC-10-30 C-FCRE) and a few more years of cash. Canadian was actually making modest profits in the mid-late 1990s, but the debt load was just killing them.
When the crunch time came, AA couldn't or wouldn't answer the cash call and Onex's bid was ruled illegal. Then, Robert Milton was coronated as the king of the Canadian skies.
Crj 900 From Canada, joined Mar 2001, 616 posts, RR: 1
Reply 5, posted (15 years 1 month 6 days 19 hours ago) and read 1387 times:
hey Lindy Field, I'm one of those "POOR EMPLOYEES who were doomed for the dustbin" and none of us have got any lint on us yet! We're now all part of that big green mess. Poor management and that Wardair deal were the major contributors in my opinion.